Restaurant
Starbucks | 10-Years Remaining | Region's First Starbucks | Value-Add Potential
153 Newtowne Blvd, Pocomoke City, MD 21851
Listing Price: $2,833,333
Investment Overview
The Tenant, Starbucks Corporation, is subject to a new 10-year lease that is expected to commence early in the 2nd quarter of 2025. The lease features 10% rental increases in year 6 and in each of the four, five-year option periods providing attractive revenue growth and a hedge against inflation. Starbucks Corporation boasts an investment grade credit, currently rated “BBB+” by Standard & Poor’s.
Exclusively Listed By
Financing By
Restaurant
Starbucks | 10-Years Remaining | Region's First Starbucks | Value-Add Potential
Listing Price: $2,833,333
Investment Highlights
- 2.24+ Acre Lot Size Designed with Potential for GLA Expansion
- New 10-Year Lease With 10% Increases Every 5 Years
- Only Starbucks for 15 Miles!
Investment Overview
The Tenant, Starbucks Corporation, is subject to a new 10-year lease that is expected to commence early in the 2nd quarter of 2025. The lease features 10% rental increases in year 6 and in each of the four, five-year option periods providing attractive revenue growth and a hedge against inflation. Starbucks Corporation boasts an investment grade credit, currently rated “BBB+” by Standard & Poor’s.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
